| 00:00:11 |
Unidentified Speaker, -
AND THEN FOUNDED AN ORGANIZATION CALLED THE COMEBACK AMERICAN INITIATIVES. IF YOU WANT POLITICS ON THE INTERNET, THERE'S A LOT OF CHATTER ABOUT OF HIM...
|
| 00:00:38 |
Swain, Susan - Host
ORGANIZATION COMEBACK AMERICA. WHAT IS YOUR DEFINITION OF THE AMERICAN DREAM? GUEST: SUSAN, I BELIEVE THE AMERICAN DREAM IS ABOUT INDIVIDUAL LIBERTY AND...
|
| 00:00:50 |
Walker, David M. - Comptroller General
HAVE A GOOD EDUCATION, A POSITIVE ATTITUDE, AND STRONG WERE AFFECTED -- A STRONG WORK ETHIC, AND SOLID MORAL AND ETHICAL VALUES STILL HAVE UNLIMITED...
|
| 00:02:23 |
Walker, David M. - Comptroller General
ACTIVITIES AS HEAD OF THE COMEBACK AMERICA INITIATIVE. THERE IS AN INDEPENDENT DRAFT THAT HAS BEEN FORMED AND IT WILL BE DIFFICULT FOR THEM TO QUALIFY...
|
| 00:03:29 |
Swain, Susan - Host
THIRD-PARTY OR INDEPENDENT CANDIDACY. THIS IS ONE OBSERVATION FROM CHRIS WHO WROTE THIS WEEK -- GUEST: IT IS ACTUALLY NOT A VERY HIGH BAR. 20 YEARS AGO...
|
| 00:04:00 |
Walker, David M. - Comptroller General
FISCAL RESPONSIBILITY, POLITICAL THIS FUNCTIONALITY, DECLINING TRUST IN GOVERNMENT, DECLINING CONFIDENCE IN THE FUTURE. WE ARE DEMONSTRABLY WORSE OFF...
|
| 00:05:09 |
Swain, Susan - Host
THIS WAS TO DEDICATE THE ONLINE PETITION TO DEDICATE ONE OF THIS ALL'S PRE DEBATE FORUMS SPECIFICALLY TO THE NATIONAL DEBT AND HOW EACH CANDIDATE WOULD...
|
| 00:05:39 |
Walker, David M. - Comptroller General
SOLUTIONS, NONPARTISAN SOLUTIONS THAT SHOULD BE ABLE TO GET BIPARTISAN SUPPORT. IN INTEREST OF FULL AND FAIR DISCLOSURE, I AM ON THE BOARD OF DIRECTORS...
|
| 00:06:37 |
Swain, Susan - Host
NEWS PAGE, LOTS OF STORIES -- THE FIRST QUESTION FROM TWITTER -- GUEST: I THINK WE HAVE TO RECOGNIZE TWO THINGS. WE HAVE A SHORT-TERM CHALLENGE AND...
|
| 00:07:08 |
Walker, David M. - Comptroller General
WEAK ECONOMIC GROWTH, HIGH EMPLOYMENT, AND HIGHER UNDEREMPLOYMENT. IT IS WORSE THAN THE GOVERNMENT TELLS YOU BY THE WAY THEY KEEP THE SCORE. WE CANNOT...
|
| 00:08:45 |
Walker, David M. - Comptroller General
WITH REGARD TO TAX LAWS. WE NEED TO HAVE A SIMPLER REGULATORY STRUCTURE. WE NEED TO DEAL WITH OUR PROBLEMS WITH IT EDUCATION. WE NEED TO MAKE SURE WE...
|
| 00:10:04 |
Swain, Susan - Host
CALLER: HELLO. THE ONLY WAY WE CAN HAVE AN ECONOMIC FUTURE IS IF WE HAVE
|
| 00:10:11 |
CALLER, -
BALANCE. THE THING THAT BOTHERS ME ABOUT MITT ROMNEY IS HE TELLS US HOW BARACK OBAMA IS TAKING EVERYTHING AWAY FROM US. I WANT TO KNOW HOW CAN A REPUBLICAN...
|
| 00:11:12 |
Walker, David M. - Comptroller General
THAT IT'S EQUAL, BUT HAVE EQUILIBRIUM. FOR EXAMPLE, WE NEED TO TAKE STEPS TO DEAL WITH OUR SHORT- TERM CHALLENGES AND THE THREATS TO OUR FUTURE. THAT...
|
| 00:12:22 |
Unidentified Speaker, -
UNITED STATES AND YOU SEE THE DEMOCRATS AND REPUBLICANS PITTED AGAINST EACH OTHER AND OUTSIDE INFLUENCES FROM BANKING CARTELS AND MANIPULATION AND OCCUPY...
|
| 00:13:52 |
Walker, David M. - Comptroller General
AREA OF DEFENSE, WE SPEND AS MUCH AS THE NEXT 15 NATIONS COMBINED, AND MOST OF THOSE NATIONS ARE ALLIES. WE MUST CUT AND CONSTRAINED DEFENSE SPENDING...
|
| 00:15:11 |
Swain, Susan - Host
CALLED ON INTEREST RATES. -- TIMES" -- HOST: CAN YOU TALK ABOUT IF INTEREST RATES RISE, WHAT THE EFFECT WILL BE ON THE ECONOMY? GUEST: WE HAVE HISTORICALLY
|
| 00:15:36 |
Swain, Susan - Host
LOW INTEREST RATES, PAYING ONLY 2% AND 10-YEAR BONDS, AND 3% ON
|
| 00:15:43 |
Walker, David M. - Comptroller General
30- YEAR BONDS. THAT IS WELL BELOW THE AVERAGE. FOR EVERY ONE% INCREASE, WE HAVE TO PAY ANOTHER $150 BILLION-TO- $160 BILLION. PRESIDENT OBAMA ESTIMATES...
|
| 00:17:00 |
Walker, David M. - Comptroller General
MUCH WITH REGARD TO FINANCIAL ENGINEERING. WE HAVE TO RESTORE OUR MANUFACTURING BASE. WE HAVE TO REALIZE IN THE UNITED STATES WE CAN NOT COMPETE ON WAGES....
|
| 00:18:08 |
Swain, Susan - Host
GOOD MORNING. I HAVE A SIMPLE QUESTION. WHEN WE WENT TO WAR, HOW DID WE PAY FOR IT WHEN
|
| 00:18:17 |
CALLER, -
WE REDUCED THE AMOUNT REVENUE COMING INTO TREASURY INDEX WHAT WAS THE REASON FOR REDUCING -- TREASURY? WHAT WAS THE REASON FOR REDUCING TAXES? DO...
|
| 00:19:21 |
Walker, David M. - Comptroller General
U.S. GOVERNMENT ACCOUNTABILITY OFFICE. I WAS THE AUDITOR GENERAL. I WAS NOT RESPONSIBLE FOR SETTING BUDGET POLICY OR ADMINISTRATION POLICY. I WORKED...
|
| 00:21:23 |
Swain, Susan - Host
THE LADY FROM HOUSTON HIT IT ON
|
| 00:21:27 |
CALLER, -
THE POINT. IT IS SIMPLE MATHEMATICS. WHEN PRESIDENT CLINTON LEFT OFFICE, HE LEFT US WITH A SURPLUS THAT SHOULD HAVE BEEN USED TO BUILD INFRASTRUCTURE...
|
| 00:22:27 |
Swain, Susan - Host
DECISION? GUEST: ARE YOU ASKING ME? HOST: I AM ASKING THE CALLER. CALLER: I DO NOT AGREE WITH FINANCIAL ASSISTANCE TO ANY FOREIGN COUNTRY. I DO NOT...
|
| 00:22:45 |
CALLER, -
HOST: THANK YOU. MR. WALKER? GUEST: PEOPLE NEED TO UNDERSTAND THAT WE CLEARLY NEED TO COME OUT
|
| 00:22:54 |
Swain, Susan - Host
OF AFGHANISTAN. WE HAVE NOT LEARNED FROM HISTORY.
|
| 00:22:58 |
Walker, David M. - Comptroller General
AFGHANISTAN, THAT REGION OF THE WORLD, FOR THOUSANDS OF YEARS HAS BEEN A PROBLEM AND WILL LIKELY CONTINUE TO BE. NO GREAT POWER HAS BEEN ABLE TO CHANGE...
|
| 00:23:33 |
Unidentified Speaker, -
SLASHING THE SAFETY NET OR HITTING THE POOR. WE NEED TO COME UP WITH A PLAN THAT HELPS THE ECONOMY GROW, MAINTAINS A SHALL SHALL SAFETY NET, REDUCES --...
|
| 00:24:42 |
Swain, Susan - Host
SIDES OF SOLUTIONS THAT KICK THE CAN DOWN THE ROAD. DECEMBER 31, THIS YEAR, A NUMBER OF MAJOR INITIATIVES ARE SET TO EXPIRE AT ONE TIME. HERE ARE A FEW...
|
| 00:25:27 |
Swain, Susan - Host
GARRET SAYS IT IS NOT AN EXAGGERATION TO SAY THE DIRECTION OF THE COUNTRY WILL HINGE ON DECISIONS TAKEN BY THIS LAME DUCK CONGRESS. PREPARE TO BE TERRIFIED....
|
| 00:25:57 |
Walker, David M. - Comptroller General
NOTHING, OR KICKING THE CAN DOWN THE ROAD AGAIN, AND LETTING EVERYTHING EXPIRE OVER A 10-YEAR PERIOD, IS $7-TRILLION-TO-$8- TRILLION. THAT IS IMPORTANT...
|
| 00:27:46 |
Swain, Susan - Host
CALLER: SINCE THE REPEAL OF THE GLASS -- THE GLASS-STEAGALL ACT,
|
| 00:27:58 |
CALLER, -
BANKERS, AND DEFENSE CONTRACTORS -- IT HAS BASICALLY RATED THE AMERICAN PEOPLE OF THEIR WEALTH. THERE IS NO EVEN PLAYING FIELD. BANKERS CAN BLOW THEIR...
|
| 00:29:06 |
Walker, David M. - Comptroller General
IF SHE DID NOT WEAR THEIR UNIFORM, YOU ARE THE ENEMY, WHERE IN REALITY WE ARE RED WHITE AND BLUE. I AN INDEPENDENT. WE HAVE A SITUATION WHERE THE...
|
| 00:30:24 |
Swain, Susan - Host
BIRMINGHAM, MICHIGAN. MR. WALKER, I HAVE WATCHED YOU WHEN YOU WERE THE COMPTROLLER. I THINK YOU
|
| 00:30:34 |
CALLER, -
SPEAK WITH INTELLIGENCE AND COMMON SENSE. I HAVE HEARD YOU SAY THAT THE DEFENSE DEPARTMENT AND STATE DEPARTMENT REJECTED THEIR FINANCES, AND THAT MIGHT...
|
| 00:31:47 |
Walker, David M. - Comptroller General
HAVE BEEN THERE FOR ONE YEAR AND A HALF. THE DEFENSE DEPARTMENT IS STILL NOT ABLE TO WITHSTAND AN AUDIT. THAT IS NOT ACCEPTABLE AND NEEDS TO BE ADDRESSED....
|
| 00:33:46 |
Swain, Susan - Host
GUEST: FIRST, EVERYONE IS NOT EDUCATED TO THE MAX. WE SPENT DOUBLE PER PERSON IN K- 12
|
| 00:34:05 |
Walker, David M. - Comptroller General
EDUCATION, AND WE GET BELOW AVERAGE RESULTS FOR INDUSTRIAL -- INDUSTRIALIZED COUNTRY. WE HAVE BELOW AVERAGE SCIENCE, MATH, TOO MANY PEOPLE THAT CAN NOT...
|
| 00:35:32 |
Swain, Susan - Host
THANK YOU FOR C-SPAN. MR. WALKER, A WANT TO ASK DIRECTLY
|
| 00:35:38 |
CALLER, -
OF VIEW, HAVING FOLLOWED YOU FOR QUITE AWHILE, AND I APPRECIATE THE WORK YOU HAVE DONE TO EDUCATE THE ENTIRE NATION ON OUR DEBT AND DEFICIT CRISIS BEFORE...
|
| 00:36:15 |
Walker, David M. - Comptroller General
FOR OFFICE BECAUSE POLITICS IS A NASTY BUSINESS. AT THE SAME POINT IN TIME, I KNOW OUR COUNTRY IS AT A CRITICAL CROSSROADS AND I BELIEVE THIS ELECTION...
|
| 00:37:39 |
Swain, Susan - Host
HOST: WHAT ARE YOUR RETROSPECTIVE THOUGHTS ON THE GM BAILOUT? GUEST: MY VIEW IS GIVEN THE STAKES INVOLVED WITH
|
| 00:38:28 |
Swain, Susan - Host
THE ECONOMY AND JOBS AND THAT REGION OF THE
|
| 00:38:32 |
Walker, David M. - Comptroller General
COUNTRY, IT WAS A PROGRAM FOR THE GOVERNMENT TO DO SOMETHING, BUT WHAT WAS DONE WAS NOT APPROPRIATE. GOVERNMENT SHOULD HAVE PROVIDED LOAN GUARANTEES,...
|
| 00:40:04 |
Walker, David M. - Comptroller General
TO IMPROVE GROWTH AND ENHANCE OUR POSTURE. THE WAY YOU DO IT MATTERS. WE NEED TO BROADEN THE TAX BASE CANNOT ELIMINATE A LOT OF THE EXEMPTIONS AND EXCLUSIONS,...
|
| 00:42:10 |
Swain, Susan - Host
THANK YOU FORESEES AN. IT IS A FASCINATING CROSS- SECTION OF AMERICAN THOUGHT, AND IT IS QUITE ILLUMINATING.
|
| 00:42:19 |
CALLER, -
I CONGRATULATE YOU AND YOUR THOUGHTS AND YOUR IDEAS. I'VE SEEN YOU BEFORE, AND I TOTALLY CONCUR WITH WHAT YOU ARE SAYING. ONE OF THE THINGS THAT TEST...
|
| 00:44:23 |
Walker, David M. - Comptroller General
EVERY MAJOR DEPARTMENT AND AGENCY HAVE SOMETHING CALLED AN INSPECTOR GENERAL, WHICH IS AN INTERNAL AUDITOR BUT DOES MORE THAN TRADITIONAL AUDIT WORK....
|
| 00:45:25 |
Swain, Susan - Host
TO 8.1% -- THE NUMBERS ARE OUT. THE UNEMPLOYMENT RATE IS DOWN TO 8.1%. GUEST: MAYA UNDERSTANDING IS THAT IS BELOW EXPECTATION, WHICH MEANS THESE NUMBERS...
|
| 00:45:41 |
Walker, David M. - Comptroller General
THE LOW EXPECTATIONS AND JOB GROWTH, BUT THE NUMBER WENT DOWN BECAUSE PEOPLE HAVE QUIT LOOKING FOR JOBS. THE WAY THE GOVERNMENT KEEPS SCORE IS MISLEADING....
|
| 00:46:17 |
Swain, Susan - Host
TWITTER. MR. WALKER, THANK YOU FOR JOINING US FROM PITTSBURGH THIS MORNING. GUEST: THANK YOU, SUSAN. HOST: WE TURN NEXT TO JANE HARMAN, HEAD OF THE WILSON...
|
NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.